Janus Henderson Group PLC Raises Holdings in NRG Energy Inc (NRG)
Janus Henderson Group PLC grew its stake in NRG Energy Inc (NYSE:NRG) by 6.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,650,354 shares of the utilities provider’s stock after purchasing an additional 649,024 shares during the period. Janus Henderson Group PLC’s holdings in NRG Energy were worth $398,323,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of NRG. Harvest Fund Management Co. Ltd raised its holdings in NRG Energy by 313.6% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,747 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 2,841 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in NRG Energy in the 2nd quarter worth $130,000. Stratos Wealth Partners LTD. bought a new position in NRG Energy in the 3rd quarter worth $145,000. Virtu Financial LLC bought a new position in NRG Energy in the 2nd quarter worth $205,000. Finally, Moody National Bank Trust Division bought a new position in NRG Energy in the 3rd quarter worth $206,000.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of NRG Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Bank of America increased their price target on shares of NRG Energy from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. ValuEngine upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 13th. SunTrust Banks increased their price target on shares of NRG Energy from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, October 29th. Finally, Macquarie increased their price target on shares of NRG Energy from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, September 20th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $38.17.
NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, November 8th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.18). The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.04 billion. NRG Energy had a positive return on equity of 61.11% and a negative net margin of 11.52%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Equities research analysts expect that NRG Energy Inc will post 3 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were paid a $0.03 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.32%. NRG Energy’s payout ratio is 11.01%.
In other NRG Energy news, EVP Elizabeth R. Killinger sold 24,600 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $35.84, for a total transaction of $881,664.00. Following the completion of the sale, the executive vice president now directly owns 106,125 shares in the company, valued at approximately $3,803,520. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher Moser sold 15,200 shares of the firm’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $35.14, for a total transaction of $534,128.00. Following the sale, the executive vice president now owns 115,650 shares of the company’s stock, valued at $4,063,941. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,775 shares of company stock valued at $2,959,754. 0.38% of the stock is owned by company insiders.
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About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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